Oil prices steady as markets await outcome of US-China trade talks

Oil futures held most of their previous gains in Asian trade as investors awaited developments in the meeting between U.S. and Chinese leaders, which could influence global demand outlook. Brent crude slipped to about US$64.88 a barrel, while U.S. West Texas Intermediate stood near US$60.39. Stock analysts flagged that any meaningful improvement in trade relations could tilt oil consumption expectations upwards, but supply side pressures and global growth uncertainty keep sentiment subdued.